RTI Biologics acquires Michigan manufacturer

ALACHUA – The Alachua-based company RTI Biologics is acquiring a Michigan-based manufacturer of surgical implants.

RTI, which provides orthopedic and biologic implants, announced Wednesday it was buying all the outstanding stock of Pioneer Surgical Technology, a company from Marquette, Mich.

“We believe the combination of Pioneer and RTI will be a catalyst for continued growth,” said Daniel Webber, Pioneer’s president and chief executive officer

RTI will be paying $130 million in cash to acquire Pioneer, and expects the deal to be finalized by late this year.

Representatives from both companies have been positive about the purchase

“The combination of RTI and Pioneer is an exciting opportunity for both companies and their employees,” said Brian K. Hutchison, RTI president and chief executive officer.

The company's combined quarters will continue to be based in the city of Alachua, and RTI expects it to continue to grow and thrive in the city, employing about 1,100 people. The company will decide on a new name to reflect its expanding portfolio. In addition to the headquarters, it will have manufacturing plants in the United States, Germany and the Netherlands.

Representatives of RTI were not able to comment directly on the impact the acquisition would have on the city in terms of job growth and economic stimulus, but did give assurance that the company would continue to expand and become more profitable.

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